Announced details
Alternative to cemented-carbide wear-resistant materials; industrial applications; wear-resistant tools and molds
Tungsten and cobalt use reduced by approximately 90%. Machinability and wear resistance achieved at levels comparable to cemented carbide.
The relationship between the sponsor of the Metal Forming Materials Industry Technology Awards and the award-winning company.
The general incorporated foundation that sponsors the Metal Forming Materials Industry Technology Awards. Other details, including its location, representative, capital and year established, are not disclosed.
42nd Metal Forming Materials Industry Technology Award: Minister of Economy, Trade and Industry Award
Sponsored by General Incorporated Foundation 素形材センター (Sokeizai Center); Minister of Economy, Trade and Industry Award
The company expects demand for the low-tungsten, low-cobalt alloy as an alternative to cemented-carbide wear-resistant materials and is expanding its product lineup. The specific impact on earnings is not disclosed.
The company does not address Contract Value / Offering price.
42nd Metal Forming Materials Industry Technology Award sponsored by General Incorporated Foundation 素形材センター (Sokeizai Center)
| Item | Details |
|---|---|
| Names of Products / Services Covered | SUSTELOY STN30 proprietary material |
| Counterparty | General Incorporated Foundation 素形材センター (Sokeizai Center) |
| Counterparty overview | The general incorporated foundation that sponsors the Metal Forming Materials Industry Technology Awards. Other details, including its location, representative, capital and year established, are not disclosed. |
| Relationship with the Company | The relationship between the sponsor of the Metal Forming Materials Industry Technology Awards and the award-winning company. |
| Applicable area | Alternative to cemented-carbide wear-resistant materials; industrial applications; wear-resistant tools and molds |
| Award/certification name | 42nd Metal Forming Materials Industry Technology Award: Minister of Economy, Trade and Industry Award |
| Awarding / certifying body | Sponsored by General Incorporated Foundation 素形材センター (Sokeizai Center); Minister of Economy, Trade and Industry Award |
| Quantitative Effects | Tungsten and cobalt use reduced by approximately 90%. Machinability and wear resistance achieved at levels comparable to cemented carbide. |
| Impact on Business Performance | The company expects demand for the low-tungsten, low-cobalt alloy as an alternative to cemented-carbide wear-resistant materials and is expanding its product lineup. The specific impact on earnings is not disclosed. |
| Source | 42nd Metal Forming Materials Industry Technology Award sponsored by General Incorporated Foundation 素形材センター (Sokeizai Center) |
Items this document does not state (8)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The material was developed to reduce the procurement risk for the rare metals tungsten and cobalt. It was recognized for being the first product commercialized in Japan to combine wear resistance and machinability comparable to cemented carbide.